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Editorial
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Title: Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion
Source: [None]
URL Source: http://www.breitbart.tv/?p=182363
Published: Sep 27, 2008
Author: Video at link
Post Date: 2008-09-27 07:54:12 by angle
Keywords: None
Views: 447
Comments: 22

"So now they try to solve the problem by having this credit bubble actually extended and I think the $700 billion will be like a drop in the bucket because the total credit market in the U.S. is something close to $60 trillion, then you have the CDS market – credit default swap – of around $62 trillion. Then you have the whole derivatives worldwide worth about a notional $1,300 trillion. So the $700 billion is really nothing and the Treasury is just giving out this figure when actually the end figure may be $5 trillion.”

Click for VIDEO!

Post Comment   Private Reply   Ignore Thread  

#1. To: All (#0)

This guy sums it up perfectly.

angle  posted on  2008-09-27   7:56:05 ET  Reply   Trace   Private Reply  

The last act of any government is to loot the nation -- Mike Rivero WhatReallyHappened.com

Esso  posted on  2008-09-27   8:40:57 ET  Reply   Trace   Private Reply  

The last act of any government is to loot the nation

True...

Cynicom  posted on  2008-09-27   8:47:26 ET  Reply   Trace   Private Reply  

The last act of any government is to loot the nation

It might be worth it if they'd just leave.

HOW is it that (you) the Private citizen is being touted as the debtor when the PRIVATE FED RESERVE loans CREDIT to other PRIVATE BANKS ???

noone222  posted on  2008-09-27   8:55:22 ET  Reply   Trace   Private Reply  

It's too bad that 99.9% of the people can't come to grips with the idea that the government is the problem rather than the solution.

Esso  posted on  2008-09-27   8:55:40 ET  Reply   Trace   Private Reply  

ESSO...

When we read people here supporting any candidate, we know that person has not come to grips with the very basic problem of this country...namely...The Government is the problem...

Cynicom  posted on  2008-09-27   9:05:05 ET  Reply   Trace   Private Reply  

When we read people here supporting any candidate,

That always leaves me shaking my head in disbelief. After all, even a dog is smart enough to make the determination between being stumbled over and being kicked.

Esso  posted on  2008-09-27   9:17:45 ET  Reply   Trace   Private Reply  

The founding Fathers had us at a disadvantage. They were starting from scratch, there was no government. People were free.

And then little by little this thing called "government" grew and grew. A few Americans tried to salvage the last vestiges of freedom with the Civil War, they failed, government won and has been a cancer on our backs ever since.

This childish charade we go thru every four years is embarrassing when one stands back and looks at what is going on before our own eyes. We are programmed, we actually watch these "debates", pick a winner and a loser, WITHOUT REALIZING THAT IS PART OF THE DAMNED PROGRAMMING.

Arguing to and fro concerning qualification is PART OF THE DAMNED PROGRAMMING, happens every four years and we get in line wirthout even knowing we are indeed in a line, doing as we are trained.

Cynicom  posted on  2008-09-27   9:28:50 ET  Reply   Trace   Private Reply  

This childish charade we go thru every four years is embarrassing

Vote:

Candidate A = Shit sandwich on white bread

Candidate B = Shit sandwich on toast

HOW is it that (you) the Private citizen is being touted as the debtor when the PRIVATE FED RESERVE loans CREDIT to other PRIVATE BANKS ???

noone222  posted on  2008-09-27   9:33:05 ET  Reply   Trace   Private Reply  

The last act of any government is to loot the nation

This is the Fed looting the nation and it was inevitable this would happen once the government delegated the financial system to it in 1913.

If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.

“I would give no thought of what the world might say of me, if I could only transmit to posterity the reputation of an honest man.” - Sam Houston

Sam Houston  posted on  2008-09-27   9:33:12 ET  Reply   Trace   Private Reply  

Vote:

You are my kind of guy, cut right to the chase, no pretty words. No mistaking your intent, I like and appreciate that.

Cynicom  posted on  2008-09-27   9:37:02 ET  Reply   Trace   Private Reply  

This childish charade we go thru every four years is embarrassing when one stands back and looks at what is going on before our own eyes. We are programmed, we actually watch these "debates", pick a winner and a loser, WITHOUT REALIZING THAT IS PART OF THE DAMNED PROGRAMMING.

Arguing to and fro concerning qualification is PART OF THE DAMNED PROGRAMMING, happens every four years and we get in line wirthout even knowing we are indeed in a line, doing as we are trained.

at this point, for those here who have fallen for the charade again, great FEAR of one or the other seems to be driving factor.

Do You Know What Freedom Really Means? Freedom4um.com

christine  posted on  2008-09-27   9:42:45 ET  Reply   Trace   Private Reply  

They should fear those using that fear to control them.

buckeye  posted on  2008-09-27   9:45:30 ET  Reply   Trace   Private Reply  

This is the Fed looting the nation and it was inevitable this would happen once the government delegated the financial system to it in 1913.

that's what many are losing sight of. this has been a loooooong time plan. instead one party or the other's partisan policies are being blamed. many have forgotten what they have learned.

Do You Know What Freedom Really Means? Freedom4um.com

christine  posted on  2008-09-27   9:45:59 ET  Reply   Trace   Private Reply  

at this point, for those here who have fallen for the charade again, great FEAR of one or the other seems to be driving factor.

You are correct to a degree, however remember that also is part of the programming process.

When Goldwater ran against Johnson, fear of Goldwater brought Johnson into power with the biggest vote count in history. People were positive Goldwater would take us to war and nuclear weapons would end it all. In mass the sheep voted Johnson for safety. Goldwater barely carried his own state of AZ.

LBJ took us into an ungodly war, and then the sheep denied they voted for him.

History is a stern taskmaster.

Cynicom  posted on  2008-09-27   9:51:09 ET  Reply   Trace   Private Reply  

They should fear those using that fear to control them.

A++++

Cynicom  posted on  2008-09-27   9:52:33 ET  Reply   Trace   Private Reply  

Only long enough to understand.

buckeye  posted on  2008-09-27   9:54:02 ET  Reply   Trace   Private Reply  

When Goldwater ran against Johnson, fear of Goldwater brought Johnson into power with the biggest vote count in history. People were positive Goldwater would take us to war and nuclear weapons would end it all. In mass the sheep voted Johnson for safety. Goldwater barely carried his own state of AZ.

LBJ took us into an ungodly war, and then the sheep denied they voted for him.

Yes, and when Woodrow Wilson ran for re-election in 1916, the theme of his campaign was "He kept us out of war." Barely a month after his inauguration in March 1917, the US was in WWI.

The U.S. Constitution is no impediment to our form of government.--PJ O'Rourke

DeaconBenjamin  posted on  2008-09-27   9:54:53 ET  Reply   Trace   Private Reply  

Yes, and when Woodrow Wilson ran for re-election in 1916, the theme of his campaign was "He kept us out of war." Barely a month after his inauguration in March 1917, the US was in WWI.

Yes Sir...

Roosevelt told us the same, all the time he was plotting how to bring out a draft and get us into war.

People loved him and voted him into power, then when he took their sons off to war, none of them had voted for him. Amazing.

Cynicom  posted on  2008-09-27   9:58:17 ET  Reply   Trace   Private Reply  

“I am a most unhappy man.
I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated.
The growth of the nation, therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world
- no longer a Government by free opinion,
no longer a Government by conviction and the vote of the majority,
but a Government by the opinion and duress of a small group of dominant men.”

-President Woodrow Wilson

angle  posted on  2008-09-27   10:33:06 ET  Reply   Trace   Private Reply  

FYI

www.rumormillnews.com/cgi-bin/forum.cgi?read=132333

Re: Alan H. Fishman, newly appointed CEO of WaMu:

But the seizure and the deal with JPMorgan came as a shock to Washington Mutual's board, which was kept completely in the dark: the company's new chief executive, Alan H. Fishman, was in midair, flying from New York to Seattle at the time the deal was finally brokered, according to people briefed on the situation.

Mr. Fishman, who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus, according to an analysis by James F. Reda and Associates. WaMu was not immediately available for comment.

Now, Mr. Fishman doesn't share much if any blame for the collapse of WaMu; we've all known that was coming for quite a while now. But that he is likely to receive $19,100,000 for his three weeks on the job is beyond appalling. Way beyond.

angle  posted on  2008-09-27   10:50:11 ET  Reply   Trace   Private Reply  

But that he is likely to receive $19,100,000 for his three weeks on the job is beyond appalling. Way beyond.

I dunno, I'm kind of getting used to being spit on.

Fishman, huh? That's Muslim, right?

Esso  posted on  2008-09-27   10:53:14 ET  Reply   Trace   Private Reply  

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